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February 10, 2009

3

San Diego Real Estate Appreciation

by Bob Schwartz

Reasons why a San Diego real estate bottom may not equate to San Diego real estate appreciation:

A.      Very high unemployment rate in California.

B.      California state government's massive debt.

C.      More people are leaving California than moving to California.

D.      60% of Option ARMS (worth approx $750B in loans) of the entire nation are within California, the fact the majority of these loans will recast within the next 2-3 years.

E.       Only about one in five can qualify for the average San Diego home (and that's after prices have already dropped almost 40% from their peak).

F.       The myth of ‘you can’t lose investing in real estate’ has been broken.

G.     San Diego recently has seen  a softening in the rental market.                                 San Diego MLS listings

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3 Comments
  1. adult acne
    Feb 12 2009

    Somebody needs to go to jail. Regular folks would be in jail right now.
    Adult Acne Specialist

  2. San Diego medical research
    Feb 12 2009

    The perfect storm of a complete financial collapse is a couple months away. Be ready for a wild ride!
    San Diego Medical Specialist

  3. Hoodia Diets
    Feb 12 2009

    Americans’ Debt Load Threatens the Entire Financial System. Years of spending more than they earn have left a record number of Americans standing at the financial precipice. They have amassed a mountain of debt that grows ever bigger.
    Hoodia Diets

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